Necessity Retail REIT (NASDAQ:RTL – Get Rating) had its price objective decreased by B. Riley from $10.00 to $8.00 in a research report report published on Monday, The Fly reports.
Necessity Retail REIT Price Performance
Shares of Necessity Retail REIT stock opened at $4.60 on Monday. Necessity Retail REIT has a 12 month low of $4.57 and a 12 month high of $8.19. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.60. The business’s 50-day moving average price is $5.85 and its 200-day moving average price is $6.28. The firm has a market capitalization of $617.43 million, a PE ratio of -3.68 and a beta of 1.40.
Necessity Retail REIT Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, April 17th. Investors of record on Thursday, April 13th were given a $0.2125 dividend. This represents a $0.85 dividend on an annualized basis and a yield of 18.48%. The ex-dividend date was Wednesday, April 12th. This is a boost from Necessity Retail REIT’s previous quarterly dividend of $0.09. Necessity Retail REIT’s dividend payout ratio (DPR) is presently -68.00%.
Hedge Funds Weigh In On Necessity Retail REIT
Necessity Retail REIT Company Profile
Necessity Retail REIT, Inc is a real estate investment trust, which engages in the acquiring and managing a portfolio of primarily service-oriented and traditional retail and distribution related commercial real estate properties. It operates through income-producing properties segment, which consists of activities related to investing in real estate.
- Get a free copy of the StockNews.com research report on Necessity Retail REIT (RTL)
- FREYR Battery Is An Interesting Play On EVs: At Rock Bottom
- Analysts Upgrade GXO Logistics, Its First Quarter Says It All
- The Bottom Is In For AppLovin; Reversal Is Next
- Exact Sciences Serves Investors Exactly What They Wished For
- Shockwave Medical, Fast Grower, In Boston Scientific’s Sights?
Receive News & Ratings for Necessity Retail REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Necessity Retail REIT and related companies with MarketBeat.com's FREE daily email newsletter.